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The role of beliefs, trust, and risk in contributions to a public good

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Author Info

  • Kocher, Martin G.

    ()
    (Department of Economics, University of Munich)

  • Martinsson, Peter

    ()
    (Department of Economics, School of Business, Economics and Law, Göteborg University)

  • Matzat, Dominik

    ()
    (Department of Economics, University of Munich)

  • Wollbrant, Conny

    ()
    (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

This paper experimentally investigates the role of beliefs, trust, and risk in shaping cooperative behavior. By applying incentivized elicitation methods to measure these concepts, we find that beliefs about others’ behavior and trust are positively associated with cooperation in a public goods game. However, even though contributing unconditionally to a public good resembles a situation of making decisions under risk, elicited risk preferences do not seem to explain cooperation in a systematic way.

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File URL: http://hdl.handle.net/2077/24123
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Bibliographic Info

Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 482.

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Length: 30 pages
Date of creation: 12 Jan 2011
Date of revision:
Handle: RePEc:hhs:gunwpe:0482

Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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Related research

Keywords: Public goods; cooperation; risk preferences; trust; experiment;

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References

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  1. Jeffery Carpenter & Juan Camilo Cardenas, 2006. "Behavioural Development Economics: Lessons from field labs in the developing world," Middlebury College Working Paper Series 0616, Middlebury College, Department of Economics.
  2. Gary Charness & Marie-Claire Villeval, 2009. "Cooperation and Competition in Intergenerational Experiments in the Field and the Laboratory," American Economic Review, American Economic Association, vol. 99(3), pages 956-78, June.
  3. Fehr, Ernst & Fischbacher, Urs & Schupp, Jürgen & von Rosenbladt, Bernhard & Wagner, Gert Georg, 2003. "A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys," CEPR Discussion Papers 3858, C.E.P.R. Discussion Papers.
  4. Knack, Stephen & Keefer, Philip, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1251-88, November.
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  21. Ernst Fehr & Urs Fischbacher & Bernhard von Rosenbladt & Jürgen Schupp & Gert G. Wagner, 2003. "A Nation-Wide Laboratory. Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Survey," CESifo Working Paper Series 866, CESifo Group Munich.
  22. Berg Joyce & Dickhaut John & McCabe Kevin, 1995. "Trust, Reciprocity, and Social History," Games and Economic Behavior, Elsevier, vol. 10(1), pages 122-142, July.
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  24. Burks, Stephen V. & Carpenter, Jeffrey P. & Verhoogen, Eric, 2003. "Playing both roles in the trust game," Journal of Economic Behavior & Organization, Elsevier, vol. 51(2), pages 195-216, June.
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Citations

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Cited by:
  1. Michalis Drouvelis & Julian C. Jamison, 2012. "Selecting public goods institutions: who likes to punish and reward?," Working Papers 12-5, Federal Reserve Bank of Boston.
  2. Martin G. Kocher & Peter Martinsson & Kristian Ove R. Myrseth & Conny Wollbrant, 2012. "Strong, bold, and kind: Self-control and cooperation in social dilemmas," ESMT Research Working Papers ESMT-12-01 (R1), ESMT European School of Management and Technology, revised 28 Mar 2013.
  3. Robert Oxoby, 2013. "Paretian dictators: constraining choice in a voluntary contribution game," Constitutional Political Economy, Springer, vol. 24(2), pages 125-138, June.

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